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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Strip malls
1849 Highland Dr, Jonesboro, AR 72401-6118
Entity Owned
Free & Clear
Property ID
US05-1498147
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
7,560 SF
Lot
0.9 ac (39,204 SF)
APN
01-144291-06100
UPID
US05-1498147
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Vitamin Shoppe (Bike/Boat/Book/etc) Store Pharmacy
-
Esthetics By Allie S Hair Salon Nail Salon
-
Ashy Hair Hair Salon
-
GreatLengths Hair extensions located at 603 West Matthews Jonesboro Arkansas 72401 Hair Salon
-
LUXE Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.30M
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$985k
Blend (final)
Blend
$1.28M
Owner & transaction history
Bernard Court Ms Realty LLC
Bernard Court Ms Realty LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+52.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Jonesboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Jonesboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,300,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,015,000
Current use
RESTAURANT
$1,540,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$850,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$169 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,819
Tax year 2024
Assessed value
$161,595
Assessed 2024
Previous assessed
$161,595
+0.0% YoY
Effective rate
4.22%
On assessed value
Assessed land
$71,280
Assessed improvement
$90,315
Land market value
$356,400
Improvement market value
$451,575
Total market value
$807,975
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,560 SF
Lot
0.9 ac (39,204 SF)
APN
01-144291-06100
UPID
US05-1498147
Jurisdiction
CRAIGHEAD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$850,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Bernard Court Ms Realty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
24 COUNTY RD 912, BROOKLAND, AR 72417-9041
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2025
—
Bernard Court Ms Realty LLC
Northrock Partners LLC
Special Warranty Deed
—
Jan 3, 2024
$1,300,000
Gamble Land Company LLC
C & O Enterprises LLC
Warranty Deed
—
Nov 7, 2022
$1,475,000
C&o Enterprises LLC
Northrock Partners LLC
Warranty Deed
$1,200,000 · First National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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